DIC Asset AG — Earnings Release 2007

Jul 3, 2007

News Details

Ad-hoc | 3 July 2007 07:30

DIC Asset AG raises profit forecast

DIC Asset AG / Miscellaneous

Release of an Ad hoc announcement according to § 15 WpHG, transmitted by
DGAP - a company of EquityStory AG.
The issuer is solely responsible for the content of this announcement.

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The Management Board of DIC Asset AG (German Securities ID 509840 / ISIN
DE0005098404) has raised its forecast for the Company’s 2007 profits
(earnings after taxes and depreciation) to Euro 36 to 38 million; the
previous forecast was Euro 32 to 35 million. The increase is predominantly
due to the positive business development during the first half of 2007:
thanks to success in acquisitions, DIC Asset AG has already invested in
excess of Euro 550 million this year. These investments will have an
adequate impact on results for the second half of 2007. Business during the
first six months was also characterised by continued high-quality growth in
asset management and property management. The sale of the ‘Mustang’
portfolio to two Luxembourg-based investors – notarised in April, and
subsequently closed – also contributed significantly to the gratifying
results. Moreover, a residential portfolio and several individual
properties were sold during the second quarter.

According to preliminary figures, second-quarter EBITDA (earnings before
interest, income taxes, depreciation and amortisation) was approx. Euro 29
million (Q2 2006: Euro 5.1 million), bringing EBITDA for the first half of
2007 to approx. Euro 45 million (first half of 2006: Euro 9.4 million).
Six-month earnings before taxes (EBT) are expected to amount to Euro 22
million (first half of 2006: Euro 4.9 million).

DIC Asset AG will publish a detailed report on the first half of 2007 on 13
August 2007.

Investor Relations:
Stephan Gramkow
Grünhof - Eschersheimer Landstraße 223
60320 Frankfurt am Main
Fon. +49-69-9454858-39
Fax +49-69-9454858-99
ir@dic-asset.de

DGAP 03.07.2007

Language: English
Issuer: DIC Asset AG
Eschersheimer Landstr. 223
60320 Frankfurt Deutschland
Phone: +49 69 9454858-0
Fax: +49 69 9454858-99
E-mail: info@dic-asset.de
Internet: www.dic-asset.de
ISIN: DE0005098404
WKN: 509840
Indices: S-DAX
Listed: Amtlicher Markt in Frankfurt (Prime Standard); Freiverkehr in
Berlin-Bremen, München, Stuttgart, Düsseldorf

End of News DGAP News-Service

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